S&P 500 ETF Assets Deteriorate 17% in 2002

The 17% decline is tempered when compared to the overall
decrease of 23% recorded by the S&P 500 in 2002, a
difference attributed to a 39% increase in S&P 500 ETF
inflows in 2002, according to the results of Standard &
Poor’s annual survey of assets linked directly to the
company’s US indices.

Similarly, other indexes experienced gains. The mid-cap
and small-cap indices had inflows of 22.2% and 43.5%,
respectively.

Further, the annual survey tracked for the first time
ETF assets linked to the S&P ADR Index, which totaled
over $300 million. The S&P ADR Index is a new index,
introduced in late 2002, tracking foreign stocks that have
eligible ADR programs or listings on US markets.

Based on the 2002 survey responses from asset
managers and plan sponsors, S&P estimates that
approximately 90% of the total S&P indexed assets
market share was captured.
Not included in the results are
active funds or assets that are benchmarked to
S&P indices for performance measurement.